Amore Ambro, LLC (Jericho)

Amore Ambro, LLC is a large advisory firm based in Jericho. It manages $118.71 million of regulatory assets for 203 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New York, and Texas.

Amore Ambro provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Amore Ambro: assets under management

The assets under management (AUM) of Amore Ambro, LLC is $118.71 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $36.75 million in discretionary accounts and $81.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $758.9 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is government bonds, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Amore Ambro, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Amore Ambro serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Amore Ambro is high net worth individuals with 10 clients and $98.23 million of assets under management. Among the 9 most similar advisory firms, Amore Ambro has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118.71 million for 54 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Amore Ambro doesn't advise any private funds.

Careers at Amore Ambro, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Louis Christopher Ambrosio	Principal and chief compliance officer	1 Dec 2017	75% - 100%	1388011

Based in Jericho

The principal office where Amore Ambro, LLC performs its advisory services is located at Two Jericho Plaza, Jericho, NY 11753, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (516) 490-3527. The normal business hours are 9:00am - 5:00pm on Monday - Friday.